Yes, there are several ongoing costs. You will be responsible for the annual property tax, which is a small percentage (0.1% to 0.2%) of the property’s declared value. You also need to pay for utilities such as electricity, water, and gas. If the property is in a building complex, you will have to pay monthly…
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Choosing a Property
It is crucial to perform due diligence to ensure the property is legally sound. This includes verifying the title deed (Tapu) is free of any debts, liens, or legal encumbrances. You should check if the property has a valid Iskan (Occupancy Permit) and that all building permits are in order. A valuation report from an…
These are two different types of title deeds. Kat İrtifakı is a temporary title deed issued for a property that is part of a construction project that is not yet completed or hasn’t received its occupancy permit (Iskan). It signifies that you own a share of the land and a specific unit within the future building. Kat Mülkiyeti,…
Opening a bank account is a relatively straightforward process. You will need a valid passport, your Turkish tax identification number (Vergi Kimlik Numarası), and proof of address from your home country, such as a utility bill. The bank may also require a notarized translation of your passport. Once you have these documents, you can visit…